Steel News

Steel Dynamics Reports Third-Quarter 2023 Results

19 October 2023 - The company yesterday reported its third-quarter 2023 financial results, which saw net sales of US$4.6 billion.

China Steel Corp. Selects Primetals Technologies To Undertake Decarbonization Study

19 October 2023 - Primetals Technologies announced it has received an order for a decarbonization study from China Steel Corp. (CSC), with the aim to reduce carbon emissions at its Kaohsiung site in Taiwan.

KOBE Steel Achieves 25% Reduction of CO2 Emissions From Blast Furnace

19 October 2023 - Japan’s Kobe Steel Ltd. announced this week that a demonstration test at its Kakogawa works has successfully reduced CO2 emissions by 25% from a large blast furnace.

Hasçelik Taps Tenova, ABB for New EAF

19 October 2023 - The Turkish steelmaker Hasçelik Sanayi ve Ticaret A.S. has selected Tenova and ABB to provide a new steelmaking line at its steel plant in Osmaneli, according to a press release from ABB.

Steel Dynamics Announces Changes to Leadership Lineup

18 October 2023 - Steel Dynamics Inc. yesterday announced promotions for Christopher Graham, Richard Poinsatte, Angela Reeve, Christopher Gionti and Daniel Keown.

Ternium and Tenova Shake Hands on Pesquería Mill

18 October 2023 - Tenova has signed a contract with Ternium for its new state-of-the-art steel mill in Pesquería, N.L., Mexico, that will include a direct reduction plant, electric arc furnace and two ladle furnaces.

U. S. Steel, DuPont Unveil Product Engineered for Coastal Environments

17 October 2023 - United States Steel Corporation and DuPont today launched a new product that is specially designed and warrantied for coastal environments.

U. S. Steel Opens Big River Electrical Steel Line

17 October 2023 - United States Steel Corporation has cut the ribbon on its 200,000-ton electrical steel line at its Big River facility.

Report: Tesla Sourcing Outokumpu Stainless Steel for Cybertruck

12 October 2023 - Outokumpu reportedly is providing stainless steel to Tesla for Cybertruck exteriors, according to the Bloomberg news service.

POSCO Recovers Investment in Australian Iron Ore Operation

10 October 2023 - In 2010, POSCO announced a plan to join the Roy Hill iron ore mining project in Australia, an investment that at the time was the company’s largest ever investment in raw materials. The move was criticized by shareholders on grounds that wildly fluctuating ore prices made it too risky of an investment.

H2 Green Steel Sees Opportunity for Canadian Facility

10 October 2023 - Swedish steel startup H2 Green Steel and the Canadian government are discussing the potential for an iron facility or a steel mill in Quebec, reports the Bloomberg news service.

Danieli Lands Order for Polish Mill Upgrade

10 October 2023 - CMC Poland has contracted Danieli Automation to revamp its rolling mill, the equipment supplier reports.

Nucor Officially Cuts the Ribbon on New Plate Mill

09 October 2023 - Local and state leaders in Kentucky gathered with Nucor Corp. executives to cut the ribbon on the steelmaker’s new plate mill, reports The (Elizabethtown, Ky.) News-Enterprise newspaper.

SAIL Mill Contracts Japan’s Air Water for Industrial Gases

09 October 2023 - Japanese industrial gas supplier Air Water will invest the equivalent of US$90.6 million in an air separation unit as part of a new supply contract with an Indian steel mill.

EU Chromium Mine to Become Carbon Neutral By 2025

09 October 2023 - Stainless producer Outokumpu is planning to make the European Union’s only chrome mine carbon neutral by 2025, the company has announced.

EU Regulators OK Liberty Steel Acquisition of Hungarian Mill

05 October 2023 - The European Commission has signed off on Liberty Steel’s plan to acquire the entirety of Hungary-based steelmakers ISD Dunaferr and ISD Kokszoló.

Finkl Steel Turns to ABB for Electrical System Solution

03 October 2023 - An ABB upgrade has helped Finkl Steel resolve a long-standing production and maintenance issue at its facility in Sorel, Que., Canada.

Algoma, U. S. Steel Sign Iron Ore Agreement

03 October 2023 - Algoma Steel is extending an iron ore purchase agreement with United States Steel Corporation, securing enough of the raw material to complete its transition from blast furnace production to electric arc furnace production.

Danieli to Build Vertical Slab Caster for French Mill

03 October 2023 - ArcelorMittal subsidiary Industeel has ordered a Danieli vertical slab caster for its Le Creusot plant in France.

CMC Rebranding Is Nod to Its Evolution From Steel Producer to Construction Industry Partner

03 October 2023 - Commercial Metals Company is changing its name and logo to better reflect its goals, commitments and evolution, the steelmaker has announced.